| LIST.MY · Novo 8 Residence | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2023 | |||||
|
Level 15
|
RM500,000
|
RM460
|
1,087 sqft
|
|
Serviced Apt |
| 2021 | |||||
|
Level 17
|
RM531,000
|
RM488
|
1,087 sqft
|
|
Serviced Apt |
|
Level 18
|
RM532,000
|
RM489
|
1,087 sqft
|
|
Serviced Apt |
Selling in Novo 8 Residence? Homes here sold for a median of RM531,000.
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Novo 8 Residence
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Bdr Melaka
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Jalan Kampung Lapan, Taman Kenanga, 75250 Melaka, Malaysia
MapsNovo 8 Residence in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2026, sized between 1,075 and 1,124 sqft, with a median price of RM531K and a median price per square foot (PSF) of RM488.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM531K, with most transactions falling within a stable range of RM516K to RM532K, and a typical market range of RM500K to RM532K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM488, with most transactions between RM475 and RM502. The usual range is RM485.93 to RM490.93, showing that most units are priced quite close to each other. A typical spread (IQR) of RM5.00 and an average deviation (MAD) of RM14 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.